Motherson Sumi Wiring India LimitedQ2 FY27 Results & Financial Update

Motherson Sumi Wiring India Limited: Q2 FY27 standalone results and company financials – revenue ₹4,053.83 Cr, PAT ₹223.37 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: MSUMIPublished 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹4,053.83 CrReported Q2 FY27
Profit after tax₹223.37 CrReported Q2 FY27
Sequential change+53.7%Quarter-on-quarter

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Quarterly Results AnalysisExplore Motherson Sumi Wiring India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Motherson Sumi Wiring India Limited reported revenue from operations of INR 4,053.83 crore for the quarter ended September 30, 2026, representing an increase of 18.98% compared to INR 3,407.26 crore in the preceding quarter ended June 30, 2026.

02

Total income for Q2 FY27 stood at INR 4,054.97 crore, compared to INR 3,412.64 crore in Q1 FY27.

03

Profit before tax (PBT) for the quarter rose by 53.20% sequentially to INR 299.33 crore from INR 195.38 crore in the previous quarter.

04

Profit after tax (PAT) for Q2 FY27 stood at INR 223.37 crore, marking a 53.71% increase from INR 145.32 crore reported in Q1 FY27.

05

Basic and diluted earnings per share (EPS) for the quarter were both recorded at INR 0.34, compared to INR 0.22 in the preceding quarter.

06

The Chief Operating Decision Maker reviews the operations of the company as a whole, resulting in no reportable segments under Ind AS 108.

07

The company does not have any subsidiary, associate, or joint venture companies as of September 30, 2026.

01 · Business model

What does Motherson Sumi Wiring India do?

Motherson Sumi Wiring India Limited operates as a specialized manufacturer of wiring harnesses and electrical distribution systems primarily catering to the automotive industry.

The company functions as a standalone entity following corporate restructuring, supplying original equipment manufacturers across various vehicle segments.

Its primary revenue engine is the production and sale of wiring harnesses, electrical components, and related automotive parts.

The business model relies on close integration with major vehicle manufacturers to design and supply custom electrical wiring architectures.

02 · Historical context

What shaped the business before this quarter

ESOP Trust Formation

Pursuant to the ESOP scheme approved by directors and shareholders, the company constituted the MSWIL ESOP Trust, which was registered on May 4, 2026, to acquire and allocate equity shares to eligible employees.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹4,053.83 Cr₹3,407.26 Cr
Total income₹4,054.97 Cr₹3,412.64 Cr
Profit before tax₹299.33 Cr₹195.38 Cr
Profit after tax₹223.37 Cr₹145.32 Cr
EPS₹0.34₹0.22

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 5.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 7.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.14 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Top-Line Expansion

Revenue from contracts with customers grew to INR 4,041.06 crore in Q2 FY27 from INR 3,383.85 crore in Q1 FY27, while other operating revenue increased to INR 12.77 crore from INR 7.99 crore.

What drove margins

Cost of Materials Consumed

Cost of materials consumed was INR 2,905.46 crore during the quarter, alongside a positive inventory change of INR 54.20 crore in finished goods and work-in-progress.

Employee and Operating Expenses

Employee benefits expense stood at INR 625.87 crore, while other expenses were recorded at INR 203.12 crore for the September 2026 quarter.

05 · Reported developments

What changed operationally

Sequential Profit Growth

The company achieved a 53.71% sequential increase in profit after tax, reaching INR 223.37 crore for the quarter ended September 30, 2026.

06 · Items worth noticing

The line items that can distort a quick read

Tax Expense

Total tax expense for the quarter was INR 75.96 crore, consisting of INR 77.85 crore in current tax offset by INR 1.89 crore in deferred tax credit.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹432.66 CrH1 FY27
Capital expenditure₹-81.03 CrH1 FY27
Half-Year Cash Flows

For the half year ended September 30, 2026, net cash flows from operating activities stood at INR 432.66 crore, net cash used in investing activities was INR 76.84 crore, and net cash used in financing activities was INR 378.65 crore.

Capital allocation & funding

Borrowings and Lease Liabilities

As at September 30, 2026, current borrowings stood at INR 101.44 crore, current lease liabilities at INR 71.35 crore, and non-current lease liabilities at INR 115.25 crore, with no non-current borrowings.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

S.R. Batliboi & Co. LLP issued an unmodified review report on the unaudited standalone financial results for the quarter and half year ended September 30, 2026.

09 · Previous-quarter changes

What changed since the previous quarter

Sequential Revenue and Earnings Improvement

Revenue from operations increased from INR 3,407.26 crore in Q1 FY27 to INR 4,053.83 crore in Q2 FY27, accompanied by an increase in PAT from INR 145.32 crore to INR 223.37 crore.

10 · Key Q&A

The quarter, answered directly

What does Motherson Sumi Wiring India do?

Motherson Sumi Wiring India Limited operates as a specialized manufacturer of wiring harnesses and electrical distribution systems primarily catering to the automotive industry.

What is the clearest takeaway from Q2 FY27?

Motherson Sumi Wiring India Limited reported revenue from operations of INR 4,053.83 crore for the quarter ended September 30, 2026, representing an increase of 18.98% compared to INR 3,407.26 crore in the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Revenue from contracts with customers grew to INR 4,041.06 crore in Q2 FY27 from INR 3,383.85 crore in Q1 FY27, while other operating revenue increased to INR 12.77 crore from INR 7.99 crore.

What mattered most for margins or profitability?

Cost of materials consumed was INR 2,905.46 crore during the quarter, alongside a positive inventory change of INR 54.20 crore in finished goods and work-in-progress.

What changed operationally beyond the headline numbers?

S.R. Batliboi & Co. LLP issued an unmodified review report on the unaudited standalone financial results for the quarter and half year ended September 30, 2026.

What should the next disclosure help confirm?

Monitor the financial results for the upcoming quarter ending December 31, 2026, for operational stability and top-line trajectory.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Subsequent Financial Reporting: Monitor the financial results for the upcoming quarter ending December 31, 2026, for operational stability and top-line trajectory.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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